Zynga debuts on the NASDAQ Global Select Market at $10.00, and trades between $9.00 and $11.00 during the day. Foundry owns 6.1 percent of Zynga before the IPO, or 34,560,060 shares. Foundry invested less than $5 million in Zynga, but today it holds around $345 million worth of Zynga shares. This is on top of an earlier $22.58 million […]
Kate Middleton pregnant
St James’s Palace has announced that Kate Middleton is pregnant. A spokesman said the duchess, who is thought to be less than 12 weeks pregnant, has been admitted to a London hospital with acute morning sickness and is likely to stay for several days. Their Royal Highnesses the Duke and Duchess of Cambridge are very […]
Endorses Romney for President
In an article for the Daily Beast written in the form of a letter to Ted Forstmann, Ferguson endorses Mitt Romney for President: In Europe these days, the answer to fiscal crisis is to put a technocrat in charge. But I think you’d agree with me, dear Ted, that what the U.S. government really needs […]
Up All Night released in UK
Starts Dealer’s United
Biter and Sarasota Ford operations manager, Matt Buchanan, son of U.S. Rep. Vern Buchanan, launch Dealers United. The plan is to build a nationwide network of dealers that will have combined buying power with vendors. The firm creates deals services common to many dealers, from search-engine optimization to customer management software. Network members decide independently if they want […]
Leaves Zynga board
Album artwork revealed
The group reveals the artwork for the album.
Engineers critical to success
Album name revealed: ”Up All Night’
Reddit shuts down r/jailbait
r/jailbait was infamous on the social news site for featuring sexualized images of underage girls, most of which were purportedly lifted from the girls’ Facebook pages. However, in a thread posted late on the Sunday (Oct 9) night, a user posted a revealing shot of a young girl’s buttocks with the title, “Repost Of An […]
Change of succession laws proposed
Commonwealth leaders agree to change succession laws so that the daughter of any future UK monarch will have equal right to the throne as a son. As of December, 2012, the law has not yet been altered but a Cabinet Office spokesman says formal consent is expected “very shortly” and ministers have indicated that the […]
Ferguson, Hirsi Ali marry
Ferguson and Hirsi Ali marry in Boston, Massachusetts. The wedding is attended by Henry Kissinger, who was the subject of a biography by Ferguson. None of Ferguson’s three children are understood to have been at the ceremony. Hirsi Ali is due to give birth to the couple’s first child in the next few months.
War for Talent interview
De Baubigny talks about the “War for Talent” recruiting in Silicon Valley: You always want to look at the right situation and really examine the fundamentals of each company, to really think about what is the fit you are trying to make. Fundamentally, what is the skill set you’re looking to bring, what are the objectives of the […]
Site expands coverage, Ulanoff joins
Mashable expands coverage to include new sections for entertainment, U.S. news and world news, and that it was hiring a veteran technology editor to oversee all editorial content. The site’s redesigned homepage, unveiled today, features tabs for the new sections alongside the existing content channels for social media, technology and business. Mashable has 15 million […]
JSTOR releases public domain archive
Splits from Condé Nast
20th Anniversary of Nevermind
Buy $18m Hollywood Hills mansion
The twins buy an $18 million, 8,000 sq ft mansion in the Hollywood Hills. Tyler will live in the 8,000 square foot home as they launch the West Wing of their venture capital company, Winklevoss Capital. Cameron will stay mainly in New York City, where they have signed a five-year lease for their company’s headquarters. The two-story contemporary […]
‘I’m a VC’
‘You Don’t Know You’re Beautiful’ video released
Venture Deals book release
Feld and Mendelson compile blog posts with new material to create a guide for entrepreneurs seeking Vventure capital financing. The book includes analysis of the Term Sheet, details the differnt stages of the fundraising process, explores the venture capital ecosystem and gives tactics for negotiations. My favorite entrepreneurs to fund are those that have had […]
Affair begins
Summers calls twins “A**holes’
One of the things you learn as a college president is that if an undergraduate is wearing a tie and jacket on Thursday afternoon at three o’clock, there are two possibilities. One is that they’re looking for a job and have an interview; the other is that they are an a**hole. This was the latter case. Larry Summers calls […]
Charged with illegal download of JSTOR database
Swartz is charged by U.S. Attorney for Massachusetts with wire fraud, computer fraud, unlawfully obtaining information from a protected computer, and recklessly damaging a protected computer, in relation to downloading 4.8 million articles worth $1.5 million dollars and other documents — nearly the entire library – of JSTOR, a nonprofit online service for distributing scholarly […]
David Petraeus confirmed CIA Director
End appeal of Facebook settlement
The twins had been planning to appeal the April 11 ruling but in a filing they said that after “careful consideration,” they decided not to seek Supreme Court review. The filing did not give a reason for the decision. Facebook said: We’ve considered this case closed for a long time, and we’re pleased to see the other party […]
Database hacked; 500,000 coins missing or stolen. Exchange closes.
A hacker transfers 25,000 Bitcoins are transferred from 478 accounts on the currency’s largest exchange – Mt. Gox. Mt. Gox admits to a major breach and shuts down. Karpeles: One account with a lot of coins was compromised and whoever stole it (using a HK based IP to login) first sold all the coins in there, to […]
Demand Progress denies
Launches Das Kapital Capital
Launches Das Kapital Capital, a seed investment fund.
Description of Compound
The compound is roughly 300 yards long by 100 yards wide. The large size is to protect against car bombs. The outer wall’s height nine feet topped by three feet of barbed wire and concertina wire and external lighting. Jersey barriers (big concrete blocks) are installed outside and inside the gate. Steel drop bars are […]
Bomb attack forces move
NZ beachfront property for sale
In two articles in the New Zealand Herald [1][2][Gallery] Lloyd says he is selling his 16 hectare (39.5 acre) beachfront property. The property near Manganoui, is close to Doubtless Bay, four hours north of Auckland. According to the report, some of the proceeds from the property sale will be used to help fund business opportunities the Japan. As you can imagine […]
MPA attacks Demand Progress
The Motion Picture Association of America accuses Demand Progress of being allied with “offshore rogue websites that promote the theft and illegal marketing of American products like movies, video games, and software.” The basis of the accusation was a post on the front page of BitTorrent tracker Demonoid linking to the Demand Progress petition against […]
Protected: Mashable Connect Conference
Reddit eclipses Digg
Judge: Twins can’t back out of Facebook settlement
The U.S. Appeals court tells the twins they must abide by their settlement with Facebook (Judgement PDF). The twins, along with ConnectU co-founder Divya Narendra, accepted their $45 million of stock at a price that valued Facebook at $15 billion but they later learned that Facebook’s board had adopted an internal valuation of just $3.7 billion. […]
Sparks Fly
McClure: ‘If Sequoia Is The Yankees, We’re The Oakland A’s’
In an interview just after Demo Day, McClure talks about the perfect formula for a startup: (hacker + hustler + designer) and why the three Ds — Design, Data and Distribution — are important for young companies. He says that the fund basically makes its $25K to $250K bets on companies with simple revenue models. […]
Files for divorce
Stevens arrives in Benghazi
A small Department of State team headed by Christopher Stevens arrives by chartered boat in Benghazi. They set up shop in a hotel. Benghazi has already been liberated but Moammar Gadhafi is still in power in Tripoli and a war is going on. The U.S. Ambassador has been expelled from Tripoli by Qadhafi and the […]
Sweepr iPhone game
Buys building for HuB
Biter buys an old bank property just north of Sarasota downtown for $2.8 million. He wants to use it as his own office and to create a “fun” environment for young, creative entrepreneurs. He convinced his good friend Rich Swier Jr., the founder of the Sarasota business incubator The HuB, to relocate his enterprise from […]
Condé Nast to spin-off Reddit for $200m
According to Peter Kafka of All Things D, Condé Nast wants to spin-off Reddit for $200 million. The theory is that taking Reddit outside of Condé Nast’s corporate structure would make the site that much more valuable, and would give it a better chance to compete for capital, managers and employees alongside the likes of startups like […]
‘Up All Night’ enters U.S. chart
Reddit down to one developer
Two out of the three remaining Reddit programmers quietly left the social news community last week, Mike Schiraldi going to Google and David King going to Hipmunk where he joins Reddit co-founder Alexis Ohanian. This means that the over one billion page view a month site is currently running with only one developer (Neil Williams, […]
Six hours of downtime
Karpeles buys Mt. Gox
Karpeles buys Mt. Gox from an unemployed software hacker named Jed McCaleb. Before the site started trading in Bitcoins, it was an online marketplace where people could buy and sell cards for the Magic: The Gathering trading card game. Mt. Gox is short for “Magic: The Gathering Online Exchange” McCaleb, nervous about regulatory scrutiny on bitcoin, wanted rid of the exchange and […]
Public Launch
500 Startups seed accelerator is publicly launched by Dave McClure after being in stealth mode for the previous few months. The program offers between $25,000 and $100,000 funding in exchange for 5% equity (with some exceptions), and lasts for three to six months. 500 Startups offers more than Y Combinator – perhaps the best-known such […]
Appointed to Enterprise Florida
Biter is appointed by the Florida House to the board of Enterprise Florida, a public-private partnership whose goal is to promote and develop Florida businesses. He travels to Spain on an Enterprise Florida mission and blogged about the experience. Before being on the board of Enterprise Florida I didn’t have much of an opinion of […]
Reddit passes 1 billion page views
Reddit reaches 1,000,404,480 monthly pageviews, up 300% from a year ago and a 20% increase from the previous month. One of only 100 other websites that have that number of views. The page views are generated from only 13.75 million absolute unique visitors, who accounted for a total of 68.11 million visits. The average person […]